Mustard seeds: EU reduces imports from Russia by 90%
November 28, 2024 at 4:14 PM ,
Der AUDITOR
Canada's estimates remain unchanged
Things will be a little quieter in the Canadian mustard seed market at the end of the year. As the experts at Rayglen Commodities report, there is hardly any demand; only brown mustard seeds are requested comparatively frequently, although prices remain unchanged at CAD 0.31-0.32/lb. Golden mustard seeds, meanwhile, are offered at CAD 0.41-0.43/lb. While the processing industry stays in spot business, growers are already preparing for the coming sowing and are gradually stocking up on seeds.
Agriculture and Agri-Food Canada's November report maintains previous seasonal estimates. Yields can still be expected to increase by 30.9% to 0.89 mt/ha compared to last year, which means that mustard seed production will increase by 23.4% to 211,000 mt year-on-year despite smaller acreages (-5.6% to 237,000 ha). Thanks to the carry-over stocks from last year, a total of 308,000 mt of mustard seeds would be available on the Canadian market this season.
|
Mustard seeds, Canada |
2022/23 |
2023/24 |
Diff. |
2023/24 |
2024/25 |
Diff. |
|
Area sown (ha) |
225,000 |
258,000 |
14.7% |
258,000 |
245,000 |
-5.0% |
|
Area harvested (ha) |
219,000 |
251,000 |
14.6% |
251,000 |
237,000 |
-5.6% |
|
Yield (mt/ha) |
0.74 |
0.68 |
-8.1% |
0.68 |
0.89 |
30.9% |
|
Production (mt) |
162,000 |
171,000 |
5.6% |
171,000 |
211,000 |
23.4% |
|
Imports (mt) |
11,000 |
16,000 |
45.5% |
16,000 |
9,000 |
-43.8% |
|
Total supplies (mt) |
189,000 |
226,000 |
19.6% |
226,000 |
308,000 |
36.3% |
|
Exports (mt) |
110,000 |
96,000 |
-12.7% |
96,000 |
110,000 |
14.6% |
|
Domestic consumption (mt) |
40,000 |
42,000 |
5.0% |
42,000 |
43,000 |
2.4% |
|
Carry-over stocks (mt) |
40,000 |
88,000 |
120.0% |
88,000 |
155,000 |
76.1% |
|
Avg price in CAD/mt |
2,140 |
1,280 |
-40.2% |
1,280 |
830 |
-35.2% |
|
Agriculture and Agri-Food Canada |
||||||
EU imports down by 23%
In the first five months of the 2024/2025 season (1 July – 27 November 2024), a total of 29,523 mt of mustard seeds were imported into the EU from third countries, meaning that imports fell by 23% year-on-year. This is due, among other things, to the fact that imports from Russia (-89.8% to 2,307 mt) fell significantly. Since 1 July, higher import duties have been imposed on imports from Russia into the EU, which are expected to double again to 20% from January. In contrast, imports from countries such as Ukraine (+129% to 12,235 mt), Canada (+16.7% to 10,502 mt) and Kazakhstan (+572.3% to 3,684 mt) increased significantly. The main importers in the EU were Germany (-28.9% to 8,970 mt), Poland (-52.3% to 6,610 mt) and Belgium (-26.4% to 4,830 mt).
The prices for mustard seeds, Sinapis Alba, 99.95% purity with Eastern European origin are currently at a level of EUR 750-800/mt DDP Germany. In preparation for the tariff increase in the New Year, some buyers are stocking up on goods as a precaution.
|
EU mustard seed imports, in mt |
|||
|
Supplier |
2023 |
2024 |
Diff. |
|
Ukraine |
5,343 |
12,235 |
129.0% |
|
Canada |
9,001 |
10,502 |
16.7% |
|
Kazakhstan |
548 |
3,684 |
572.3% |
|
Russia |
22,657 |
2,307 |
-89.8% |
|
Moldova |
143 |
576 |
302.8% |
|
Others |
654 |
219 |
-66.5% |
|
Total |
38,346 |
29,523 |
-23.0% |
|
DG AGRI TAXUD Customs Surveillance System, 01/07-27/11 12075090 Mustard seeds, whether or not broken (excl. for sowing) |
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